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Barwa shares jump with Qatari property boom

: Thursday, March 13 - 2014 @ 16:11

The Doha-based QE 20 Index slipped 0.05 per cent to end at 11,343.38 points on Thursday, March 13. Barwa Real Estate closed ten per cent higher at QAR35.80. Earlier in the day, Barwa revealed that it earned, in 2013, a full-year net profit of QAR1.4 billion ($364m) versus QAR1.1bn ($286m) in 2012, representing an increase of 27.3 per cent year on year. Barwa is known for its Barwa City Project, located 45 kilometres north of the capital, which comprises 128 apartment buildings for 6,000 residents. The firm is also working on Barwa Commercial Avenue and a mixed-use retail and hospitality project, Barwa Al Doha, both of which will be ready by 2015.

Gérard Al-Fil

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Thursday, March 13- 2014 @ 16:11 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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